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Mangudya’s auction has made doubting Thomases believe

by Jameson Dapi  On 23 June, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country. Indeed, the auction came as refreshingly welcome news for most stakeholders, especially exporters and legitimate importers. It became the long-awaited market-based replacement for the fixed exchange rate which,…

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